August 11, 2016
Holliday Fenoglio Fowler, L.P. (HFF) closed a $15.85-million sale of Home Ranch Center, a 54,169-square-foot, value-add neighborhood shopping center in Yorba Linda, CA. HFF marketed the property on behalf of the seller, YL Friends Church. The buyer was a private Beverly Hills real estate investment group.
Situated on 4.9 acres at 18601-18659 Yorba Linda Blvd., the center is in an infill location. Home Ranch Center comprises three buildings leased to such national and regional tenants as Blue Agave, Edible Arrangements, State Farm Insurance and Papa John’s.
HFF’s CJ Osbrink and Gleb Lvovich represented both parties in the transaction.
HFF’s Osbrink says it is seeing higher demand for value-add retail properties, especially in high barrier to entry markets with affluent demographics, such as Yorba Linda.
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